My average cost is 8.78 :)

RM30 soon. Congrats everyone!

Kind of funny why some people make observation/assumption basing on own narrow's view instead of looking at the facts and figures. someone prefer to eat roti canai at mamak store does not mean somewhere in the world (which comprises a vast lands of people) other people behave the same (i.e. prefer to eat at mamak store). Typical flaw of sampling where you pick one small sample size to derive an accurate representation of a much larger population.

GST potentially reintroduced in coming budget

CPO 4,350

Rio Tinto, second world largest mining company is seeking to improve its profit margin and return on capital by switching to lower cost renewable power.

Press metal already has favourable cost structure to protect its margins. With their latest acquisition in PT Kalimantan Alumina Nusantara, PMetal has effectively locked in 75% of its alumina requirement, ensuring a stable supply of raw materials, and potentially logistics savings.

Aluminum futures already rose past $2,560 per tonne in late September, its highest in over three months, and tracking the strong momentum for other base metals as fresh economic stimulus from China supported the demand outlook for key industrial metals.

China massive stimulus (monetary + fiscal) will boost industrial demand. Hold on to your PMetal

PPA contracts ending between 2034 and 2040

FCF grew 199% over last 5 years. Last year were record high FCF of more than RM2mil. Anticipate PMetal to turn net cash in two years time with growing FCF in coming years as high capex cycle already over.

Trailing 12 months EPS = 182.50 sen
Even at current price of 27.48, PE is only 15x. I noticed other far inferior plantation stocks are being priced higher than 15x.

I always hunt for smell of blood on the street, thankfully collected at 4.40.

Even at current price, the yield is 7%. Globally, everywhere is cutting interest rates. We are entering the next phase of low yield economic environment. The search for yield reckons, UP is the best place to park your capital. If yield drops to 4% risk free rate, their equity value per share has to go up to RM47.50.

You don't sell PBBANK unless it is screaming overvalued like 2.5x BV.

RM300mil annual free cash flows and increasing dividends. What else you want?

CGS new SOP TP 19.10

YTD FFB grew 9% y-0-y. very impressive. 2H FFB production even better. 1H FCF already 30 sen or 270mil. Net cash above 1bil. This company worth at least RM4.

Expect increasing dividends in the future. FCF RM293 mil. RM154mil used to repay borrowings.

Similar to last year, FCF RM241mil, repaid borrowing RM155mil and RM31 dividend payout. Borrowings in B/S left RM194mil. Another 1 year FCF will wipe that off from B/S.

New high above 12.40

1 billion net profit

Attractive interest rate differential and strong economic growth. Huge buying by foreign funds.

Wow Public Bank!!! Huge foreign funds buying.

No takers at 1.70. People selling at 1.59.

This is outright robbery. You are looking at a further 92% upside risk.

Inno do not own the plantation land. By right, Inno should trade at a discount to the rest of plantation owners.

RM8 is not within reach.

Looking at the price action, some of you have been selling.

Targeted fuel subsidies may drive demand for affordable EVs, potentially increasing hybrid and EV adoption in Malaysia. Xpeng G6 to be launched in August.

I'm holding tight to my shares bought in 2021.

PE only 4x. Full year EPS 23.44 sen

This is my dividend staples. 13% yield based on cost price.

Melaka CM says Chinese star Fan Bingbing's appointment as tourism ambassador to draw international tourists

https://theedgemalaysia.com/node/714690

Good for KPPROP's hospitality business in Melaka.
• Swiss-Garden Hotel Melaka • The Shore Sky Tower
• The Shore Hotel & Residences • The Sky Deli Restaurant
• Mio Boutique Hotel

Monopolistic business is the best! RM15 at least.

It's not the first time Tan Sri Surin takes company private. Check back MWE, another asset rich company who own stakes in WCE.

Eight consecutive y-o-y quarterly profit growth. You are paying 3.6x PE and 0.6x P/BV for this gem.

My cost adjusted for dividends is 5.62 and never sold a single share.

Poh Kong's last quarter net current asset value RM1.57 per share. this is the very minimum target.

Market reacted well to the acquisition. TA price target of 1.71 is still conservative at 0.7x of BV only.

Poh Kong's inventories worth RM859 million, almost double its current market cap. And these were valued at much lower gold price!

Zetrix's blockchain commercial deployment has reached its inflection point. Its initial intergration into China and Phillipines custom services will open the gateway to more cross-border blockchain trade facilitation services.

Looking at the price action and insider buying, coming quarter will be explosive.

Since the divestment of its education businesses in 2018, Paramount has been on the look-out for opportunities to participate in new business interests for diversification of its earnings base, both locally and outside of Malaysia, all of which are within its 2020-2025 strategic plan. It has, since then, invested in several start-ups in the digital space and has expanded its property development activities overseas through a joint venture with a developer in Bangkok, Thailand.

The Acquisition presents a timely and strategic opportunity for Paramount to accelerate its overseas expansion and diversification plan. It enables Paramount to have control over a sizeable stake of 21.54% in a well-established international property development company which is governed within the Malaysian legal and regulatory landscape that is familiar to Paramount. Currently, this opportunity outweighs all other opportunities available to Paramount for overseas expansion after taking into consideration the complexities of a direct investment in foreign property development projects.

In addition, the Acquisition provides an opportunity for Paramount to explore potential
collaborations with EWI and its management team to create synergies by leveraging on the respective expertise and experience of both parties as property developers.

Interesting development. Paramount acquires 21.5% stake in Eco World International from Quek Leng Chan for RM170.61m, cash.

Hershey just announced their Q1 results. Sales up 8.9% while earnings up 3.7% y-o-y. Demand for chocolates remained resilient.

Orient's RNAV easily RM15-18

Gold intrinsically is a natural hedge against sticky inflation. Look at your typical breakfast menu (commodities market for coffee, cocoa and orange juice at all time high). Energy prices are at elevated levels (crude oil above 90 per barrel) supported by both supply and demand equations:
Supply side = rising geopolitical tension, disruption at russian refineries
Demand side = strong manufacturing data in China & US (latest PMI) indicates strong demand for industrial metals (hence, energy consumption)

Gold is best hedge against geopolitical risk (Israel-Iran, Russia-Ukraine, China-Phillipines, China-Taiwan, Venezuala-Guyana. etc)

US debt levels at all time high. Huge budget deficit + election year heightened uncertanties.

Massive buying of gold from Central Banks of China and Japan. Both countries have been net seller of USD treasuries and buyer of Gold.

Also, watch out the Global money supply. Money supply is increasing, higher risk of currency debasement. Hence, more demand for Gold as a hedge.

Congrats! As Buffett famously said, stock market is a device for transferring money from the impatient to the patient.

With cocoa beans prices at historically all time high and supply deficits anticipated to worsen until next year, many cocoa processing plants have stopped or reduced processing as they can't afford to buy beans at high premium or unable to secure supply. Cocoa market has turned into a SELLER'S MARKET.

GCB will gain pricing power in this seller's market. There was time lag in cost pass through. This financial year, expect to see higher combined ratio and margin expansion to more than offset higher finance costs. As mentioned previously, GCB inventories increased by 75% to RM2.8billion, sufficient supply for the year. This is unprecedented times indeed, and GCB is in good position to gain more footprint and expand their market share.

I would not be surprised, if they can double their earnings in FY2024.

As anticipated, Superlon results were good with both revenue and net profit increasing for 3 consecutive quarters in a row.

Q1 Revenue - 27860, NP - 2326
Q2 28974, 3694
Q3 30445, 3922

As typical to all Taiwanese owned companies, Superlon pays dividend every quarter. Strong dividend player backed by net cash and robust operating cash flows.

While climate change is an existential crisis, its good for Superlon business as heatwave will spur higher demand for air conditioners. their high-quality thermal insulation reduces the energy required to power air conditioner.

They are on track to hit RM100mil in revenue this year (RM87mil in 9M YTD). If not mistaken, they ranked fourth or fifth globally with exports more than 70 countries. Net beneficiary of strong USD.

GCB grinds beans and sell to end consumer (e.g. Hershey). Naturally, high cocoa bean prices will impact their grinding margin.

Unfortunately, cocoa prices may potentially to go higher due to combination of few factors:
1) 60% of cocoa beans came from west africa (Ghana, Ivory Coasts, Nigeria, Cameroon)
2) there has been very little planting in these countries for the last few years. The trees are very old and producing less and less. Also, old trees are sensitive to bad weather and disease. which currently impacting the production yield severely, due to bad weather and prevalent of disease. especially the disease/virus more widespread in Ghana and Ivory Coast.

Low planting also is a structural issue faced by agri farmers all over the world. Poor pay disincentives human labour to invest and involved in agriculture.
3) New regulation from EU on deforestation which means that beans that have been produced in new planted area cannot go into Europe.

Good news is, if you look at GCB balance sheet. Their inventories went up by 75% to RM2.8bil which means GCB had restocked significantly at much lower prices.

Last quarter, they did a record quarterly revenue of RM1.8bil. Highest ever revenue which means the business is growing and they were able to raise higher selling prices.

Let's look at the end consumer Hershey. In their latest 2024 outlook, the company still expects sales to grow 2-3% in 2024 which means demand still robust despite the higher prices.

End of day, weigh your own risk and reward and invest wisely. Cheers!

Fantastic yield on your investment. I have received 35 sen dividends to date. At my cost price of RM0.90, recouped 38% of capital from dividends.